Buying stock for food business

Timothy

Eldoret, Kenya

61% repaid

Entrepreneur

Name

Timothy

Member since

March 2017

On-time repayments

96 installments  •  5%

About Me

My name is Timothy Moturi, born and raised in a humble family of four. My parents are teachers, enrolled to school in 1996 and proceeded to university and currently doing my degree complete in economics . This motivated me to start my own business that am a self employed business man very hardworking looking forward to achieve my goals. I look forward to hearing from you so that I can boost my business because I am very determined. This could also help me save money that i can use in many different ways.

My Business

I run a small cafeteria based on Eldoret Town whereby I deal on fast going foodstuffs.. I sell chapatis mandanzi chips and groceries whereby per day I make at least 2000 per day. Groceries i deal with include onions, cabbages, kales and tomatoes. The profits i make i use them to support my siblings who are learning at local day schools as school feees... I also use it to add stock to my business

Loan Proposal

I will purchase cooking stuffs and more ingredients. I will also expand on some kitchen sectors like cooking pans oil for cooking

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$14.00

Date disbursed

Mar 9, 2017

Repayment status

Late

Projected term

22 months

Lenders

PG

Paul Graham

United States

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  • Timothy    Oct 24, 2018

    Financial constraints

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  • Evans    Aug 23, 2017

    The member is no longer picking my phone calls. Calls go unanswered but I will still try to talk to him and advise him accordingly

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  • Erick    May 2, 2017

    Am unable to access his contact details from my account

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  • Evans    May 1, 2017

    I have discussed with him. His phone number is not working. He is making an effort to solve the problem and make payment immediately kindly bare with him.

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  • Timothy    Apr 2, 2017

    I wish to reduce my installment amount due to sudden rise of the tax i pay to the county government where my business is located. I look forward to increasing it again when things return to normal thank u

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  • Timothy    Mar 23, 2017

    Once more thanks zidisha..... My business is gradually expanding and i hope with your continued support, in the next loan i will buy more iron sheets to expand the location of my shop.This is because customer attraction has increased and there is need to provide a wider space for them.

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  • Timothy    Mar 13, 2017

    I would like to increase the amount i pay as installment because my profits(on utilizing the loan i had been given had gradually risen by around 5% a day) i used to make 2USD profits per day so its risen to 2.20 USD. Increasing the installment could also help me complete paying my loan in time

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  • Timothy    Mar 12, 2017

    Thanks zidisha.... I increased my stock this week and my business is gradually improving

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  • Timothy    Mar 9, 2017

    Thank you zidisha...just received a loan of 1,470 KES all disbirsed in good time.... Planning to add more grocery to my small business inorder to avail more goods hence attract customers.

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  • Timothy    Mar 6, 2017

    I will purchase cooking stuffs and more ingredients for the rest of the week the money will help me alot. I highly appreciate if you accept

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